Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Shares Down 1.5% – Time to Sell?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares traded down 1.5% on Friday . The stock traded as low as $59.59 and last traded at $59.65. 23,499 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 200,327 shares. The stock had previously closed at $60.54.

Invesco S&P 500 Equal Weight Industrials ETF Trading Down 1.5%

The firm has a fifty day moving average of $59.67 and a two-hundred day moving average of $58.95. The company has a market cap of $968.12 million, a PE ratio of 22.94 and a beta of 1.03.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

Several large investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1.3% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 12,532 shares of the company’s stock worth $710,000 after acquiring an additional 163 shares during the last quarter. Friedenthal Financial boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 0.7% in the 1st quarter. Friedenthal Financial now owns 27,206 shares of the company’s stock worth $1,567,000 after purchasing an additional 188 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 0.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 129,299 shares of the company’s stock worth $7,246,000 after purchasing an additional 338 shares during the period. Truist Financial Corp boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 3.7% in the 3rd quarter. Truist Financial Corp now owns 9,522 shares of the company’s stock worth $534,000 after purchasing an additional 339 shares during the period. Finally, Lido Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 1.8% in the 1st quarter. Lido Advisors LLC now owns 21,435 shares of the company’s stock worth $1,234,000 after purchasing an additional 369 shares during the period.

About Invesco S&P 500 Equal Weight Industrials ETF

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.